Global Smart Water Network Market 2015-2019 - Advances in Technology with Badger Meter, Elster Group, Itron, Neptune Technology Group & Sensus USA Dominating

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May 28, 2015, 02:59 ET

DUBLIN, May 28, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/cfzlnn/global_smart) has announced the addition of the "Global Smart Water Network Market 2015-2019" report to their offering.

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The global smart water network market to grow at a CAGR of 15.34% over the period 2014-2019.

A smart water network is a cohesive set of systems, products, and solutions that enable water utilities to remotely and continuously monitor and diagnose problems related to water distribution. Smart water networks are data-driven by information collected from the physical layers of pumps, pipes, reservoirs, and valves. The data helps optimize various aspects of a water distribution system in terms of pressure management, leak detection, water quality, and network operation. It can also reduce the overall capital expenditure of water utilities by providing real-time data based on water consumption and customer meter readings.

In the past, AMR technology was commonly used to enable water utilities to collect data remotely from water meters, using one-way wireless communication systems. However, advances in smart water meter technology, coupled with the emergence of AMI-enabled communication from both ends, are attracting more vendors. Two-way communication enables real-time monitoring and control of water consumption. AMI communications cover a wide range of metering devices, software processes, communication media, and data management systems. Many AMR data collection systems used worldwide are now being replaced with AMI data collection systems.

According to the report, water stress occurs when the demand for water exceeds supply. Stress levels have grown over the years in the wake of rising pollution, climate change, and uneven water supply resources across the world. As well, population growth, changing water consumption patterns, and urbanization are intensifying water stress levels. Therefore, the demand for smart water networks should see a marked increase during the forecast period, as smart water meters can detect inefficiencies in a water supply system and monitor the water wastage.

Further, the report states that the high installation costs of smart water networks and delayed ROI are preventing water utilities and other organizations from adopting smart water network technology.

Key Vendors